La-Z-Boy Incorporated (LZB)
Days of inventory on hand (DOH)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Apr 27, 2024 | Jan 31, 2024 | Jan 27, 2024 | Oct 31, 2023 | Oct 28, 2023 | Jul 31, 2023 | Jul 29, 2023 | Apr 30, 2023 | Apr 29, 2023 | Jan 31, 2023 | Jan 28, 2023 | Oct 31, 2022 | Oct 29, 2022 | Jul 31, 2022 | Jul 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Inventory turnover | 4.63 | 4.07 | 4.15 | 4.40 | 4.56 | 4.47 | 4.16 | 4.12 | 4.21 | 4.25 | 4.28 | 4.51 | 4.62 | 4.84 | 4.61 | 4.69 | 4.26 | 4.41 | 4.52 | 4.49 | |
| DOH | days | 78.78 | 89.58 | 88.01 | 82.93 | 79.99 | 81.66 | 87.71 | 88.58 | 86.76 | 85.82 | 85.20 | 80.91 | 78.98 | 75.40 | 79.25 | 77.84 | 85.72 | 82.80 | 80.68 | 81.25 |
April 30, 2025 calculation
DOH = 365 ÷ Inventory turnover
= 365 ÷ 4.63
= 78.78
The days of inventory on hand (DOH) for La-Z-Boy Incorporated has demonstrated notable fluctuations over the analyzed period from July 2022 through April 2025. Initially, the DOH was approximately 81.25 days in late July 2022, with a slight decrease to around 80.68 days by the end of July 2022. During the subsequent quarter, the DOH increased slightly to approximately 82.80 days in October 2022 and further rose to 85.72 days at the end of October 2022.
In early 2023, the DOH experienced a decline, dropping to approximately 77.84 days by late January 2023. This reduction suggests an improvement in inventory turnover or more efficient inventory management during this period. However, in the following months, the DOH increased again, reaching around 75.40 days in April 2023 and slightly rising thereafter to approximately 78.98 days by the end of April 2023.
Through the summer and fall of 2023, the DOH continued to fluctuate, with recorded values of approximately 80.91 days in late July 2023, rising to 85.20 days in late October 2023. The trend persisted into late 2023, with the DOH slightly increasing to 86.76 days by the end of October 2023.
Looking into 2024, the DOH trend showed continued increases, reaching 88.58 days in late January 2024, and then slightly decreasing to 87.71 days by the end of January. The trend for the subsequent quarter indicated some stabilization, with DOH values around 81.66 days in April 2024 and 79.99 days at the end of April 2024.
In the latter part of 2024 and early 2025, the DOH values remained relatively high, with 82.93 days in late July 2024, increasing further to 88.01 days in October 2024. The trend persisted with an upward movement reaching 89.58 days in January 2025, before a significant decrease to 78.78 days in April 2025.
Overall, despite some periods of improvement, the DOH for La-Z-Boy Incorporated has largely trended upward from mid-2022 through early 2025. The increasing trend indicates that inventory is generally being held longer over time, which could imply a strategic buildup of inventory, potential slower sales, or inventory management challenges. The fluctuations and gradual upward shift suggest that inventory turnover has become less efficient in recent periods, requiring close monitoring to optimize inventory levels and manage associated costs effectively.
Peer comparison
Apr 30, 2025